20 July 2018
Visit www.gemalto.com

MasterCard appoints Tim Murphy general counsel and chief franchise officer

05 February 2014  |  1405 views  |  0 Source: MasterCard

MasterCard today announced the appointment of Tim Murphy to general counsel and chief franchise officer, effective April 1, 2014. The appointment comes as Noah Hanft announces his retirement from MasterCard. Murphy also joins the company's Executive Committee.

Murphy, 46, joined MasterCard's Law department in 2000 and became senior vice president and associate general counsel in 2003. In 2006, Murphy was named group executive, Customer Business Planning and Analysis, and was president of MasterCard's U.S. Region from 2007 to 2009. Murphy then became chief product officer, responsible for leading the management, development and commercialization of MasterCard's core payment solutions.

Before joining MasterCard, Murphy was an associate in the New York and London offices of Cleary, Gottlieb, Steen & Hamilton, an international law firm. He graduated magna cum laude from Harvard Law School and from Amherst College.

Hanft, 61, retires March 31, after 27 years with the company. He was general counsel and chief franchise officer since 2001. Beginning May 1, 2014, Hanft will become the president and CEO of the International Institute for Conflict Prevention and Resolution, a non-profit organization whose mission is to help global businesses resolve complex commercial disputes.

Since joining MasterCard in 1984, he held positions of increasing responsibility within the Law Department, including that of senior vice president, U.S. Counsel and assistant general counsel. He left MasterCard from 1990 to 1993 and returned to see the company through its acquisition of Europay and he played an instrumental role in MasterCard's transition from an association to a publicly-traded company beginning May 25, 2006.

"Tim's legal background coupled with his extensive experience leading important portions of our business makes him the ideal candidate to take our company forward," said Ajay Banga, president and chief executive officer, MasterCard. "I'm pleased to announce his appointment as it reflects our thoughtful approach to succession planning. I'm confident Tim will have continued success in his new role.

"I want to acknowledge Noah's contributions to the growth and evolution of MasterCard. I wantwant to personally thank him for his commitment and counsel in helping to make MasterCard the company it is today. The entire MasterCard family joins me in wishing Noah and his family all the best going forward."

Effective April 1, Craig Vosburg will assume the role of chief product officer after holding the role of group executive, U.S. Market Development. Mike Cyr, group executive, U.S. Markets Customer Delivery, will now become responsible for U.S. Market Development; and Jennifer Rademaker, group head, Core Products, Europe, will become group executive, U.S. Markets Customer Delivery, and now joins the company's Operating Committee.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit https://secure.vasco.comVisit info.nice.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12645 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10060 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9630 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6554 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6381 views comments | 2 tweets | 7 linkedin

Featured job

Basic c Euro 120K, Variable Euro 120K - full ben...
Paris prefered London possible

Find your next job